LNG Bunkering is undoubtedly growing from strength-to-strength. IMO 2020 has radically altered the marine fuel landscape, alternative marine fuels are yet to deliver the same success as LNG Bunkering, and supply chains are now beginning to diversify. It’s therefore no surprise that the ‘chicken and egg’ theory is starting to fade as the market becomes more unified on driving the decarbonisation and sustainability of the global shipping industry.
Nevertheless, although supply chains are beginning to expand, one of the greatest remaining challenges is still that of limited LNG Bunkering infrastructure, networks and distribution, which is where small-scale LNG Bunkering can offer hope. Whilst its use in heavy-road transport and off-grid power generation is rising, so too is its use as a marine fuel, and with its versatility and reduced CAPEX requirements, it’s easy to understand why this market is forecast to grow from $6.35bn to $10.4bn by 2024. What we are now beginning to see is a growing and diverse set of terminals, ports and shipping companies utilising SSLNG Bunkering as a viable short and long term solution, capable of creating a truly global distribution network for small-scale bunkering.
With health concerns and travel restrictions currently in place, this is an opportunity to turn our attention to SSLNG Bunkering over our online platforms, connecting you with your international peers, all of whom are looking to hear more about the leading insights, market overview and ongoing predictions and technology in this sector. Join us on August 25-26th to find out more about the opportunities and initiatives currently being explored within SSLNG Bunkering.
Small-Scale LNG Bunkering Summit is free to attend for Operators (Ports, Terminals, Shipping Companies, Shipyards and Energy Providers). For Solution Providers and Consultancies, registration is £499.